BTIG Gives Nike (NKE) a Buy Rating

NIKE, Inc. (NYSE:NKE) is one of the 10 Best Dow Stocks to Buy According to Wall Street Analysts. On October 14, BTIG initiated coverage on NIKE, Inc. (NYSE:NKE), giving the stock a Buy rating and setting the price target at $100.

The firm named NIKE, Inc. (NYSE:NKE) as its top pick for 2026. BTIG said that the company has made solid progress in its recovery. However, the firm also noted that NIKE, Inc. (NYSE:NKE) still has a lot of work to do.

BTIG Gives Nike (NKE) a Buy Rating

BTIG expects the company’s EPS to reach $1.70 for fiscal year 2026 and $2.75 for fiscal year 2027.

The research firm is confident that in the long term, NIKE, Inc. (NYSE:NKE) can go back to operating margins above 12%. BTIG also estimates that the company’s EPS could reach around $3.50 in fiscal year 2028 as the recovery continues.

NIKE, Inc. (NYSE:NKE) is an American multinational company that designs, manufactures, and markets athletic footwear, apparel, equipment, and accessories under its Nike, Converse, and Jordan brands.

While we acknowledge the potential of NKE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NKE and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.